Shoals Technologies Group (NASDAQ:SHLS) Stock Price Down 5.2% – Should You Sell?

Shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) fell 5.2% during mid-day trading on Friday . The company traded as low as $8.43 and last traded at $8.45. 6,141,078 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 6,224,428 shares. The stock had previously closed at $8.91.

Analysts Set New Price Targets

A number of research firms have issued reports on SHLS. Mizuho lowered Shoals Technologies Group from an “outperform” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research report on Monday, July 14th. Guggenheim increased their price target on Shoals Technologies Group from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Roth Capital raised Shoals Technologies Group from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on Shoals Technologies Group from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Jefferies Financial Group increased their price target on Shoals Technologies Group from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Shoals Technologies Group presently has a consensus rating of “Moderate Buy” and an average target price of $9.40.

Shoals Technologies Group Stock Down 4.6%

The firm has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $5.19. The company has a market capitalization of $1.42 billion, a PE ratio of 65.39, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.34, a quick ratio of 1.64 and a debt-to-equity ratio of 0.23.

Shoals Technologies Group (NASDAQ:SHLS) last announced its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Shoals Technologies Group had a return on equity of 7.57% and a net margin of 5.27%.The company had revenue of $110.84 million for the quarter, compared to the consensus estimate of $104.87 million. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Shoals Technologies Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Shoals Technologies Group, Inc. will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Trust purchased a new stake in shares of Shoals Technologies Group in the second quarter valued at approximately $70,000. FORA Capital LLC boosted its stake in shares of Shoals Technologies Group by 288.5% in the second quarter. FORA Capital LLC now owns 59,558 shares of the company’s stock valued at $253,000 after buying an additional 44,229 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Shoals Technologies Group by 468.3% in the second quarter. Tower Research Capital LLC TRC now owns 15,519 shares of the company’s stock valued at $66,000 after buying an additional 12,788 shares in the last quarter. Redwood Grove Capital LLC boosted its stake in shares of Shoals Technologies Group by 8.3% in the second quarter. Redwood Grove Capital LLC now owns 3,264,805 shares of the company’s stock valued at $13,875,000 after buying an additional 250,000 shares in the last quarter. Finally, Peconic Partners LLC boosted its stake in shares of Shoals Technologies Group by 79.8% in the second quarter. Peconic Partners LLC now owns 6,975,186 shares of the company’s stock valued at $29,645,000 after buying an additional 3,095,186 shares in the last quarter.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.